If you find the current economy a bit confusing, don’t worry: So does the nation’s top economic official, Federal Reserve Chair Jerome Powell. At a highly anticipated news conference Wednesday, Powell said the Fed was sticking by its bedrock economic forecast: COVID-19 will eventually fade, which, in turn, will enable supply chain bottlenecks to unsnarl.
Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high. Those and other disruptions to the U.S. economy — consequences of the viral pandemic that erupted 18 months ago — appear likely to endure, a
More workers than ever before are in Arizona’s labor force and the number of people with jobs has almost reached pre-pandemic levels, according to the most recent data from the Bureau of Labor Statistics. But the number of unemployed Arizonans remains higher than it was pre-pandemic, even though the overall jobless rate has dropped sharply
For three consecutive months, the Consumer Price Index has revealed above-average annual inflation rates not seen since 2008. Understandably, Americans are nervous. Prices are rising and the Federal Reserve was caught by surprise. Many of the same public officials who have, for years, insisted that inflation should be higher are now scrambling to assure Americans
Millions of Americans appear to be echoing the words of the Johnny Paycheck song “Take This Job and Shove It.” This is a sentiment that is changing the work scene, the way we work, and the future of work. The workers of America are shuffling the deck in a way that has never happened before.
Navajo and Hopi witnesses agreed the region needs to move away from its economic dependence on coal, but specific proposals on how to get there remained elusive after a House hearing Tuesday. The tribal representatives joined witnesses from across coal country at a House hearing on “supporting communities through the energy transition” – a transition that has